At-a-Glance: Tantalus Systems Holding intends to bring electric, water and gas utilities into the digital age. The technology company relieves the frustration of public power and rural electric cooperative utilities by deploying a digital network of connected devices to assist utilities in receiving data to make informed, proactive decisions that improve the efficiency, reliability, and Read more →
At-a-Glance: Electricity generation from coal, oil and natural gas represented 60% of all power generated world-wide this year, down from 67% in 2010, according to data and consulting firm IHS Markit. That is likely to drop to 42% to 48% by 2030, depending on how aggressively countries move toward renewables. Each of the alternative fuels Read more →
At-a-Glance: More than a decade ago, a host of U.S. companies capitalized on voluntary energy purchases to help drive down wind and solar energy costs, revealing the financial strength of the nation’s power sector to spur the nation’s access to clean energy. Now, those same companies are being asked to once again give similar treatment Read more →
With the COP26 conference happening in Glasgow, many climate and environmental groups are urging nations to accelerate the transition to renewable energy. A new report from Wärtsilä entitled Front Loading New Zero argues that nations can adopt 100% renewable systems faster than currently planned. Read more →
French energy giant TotalEnergies SE expects global oil demand to peak before the end of this decade, as more nations crack down on fossil fuels and promote cleaner power in transport and industry to mitigate global warming. Total’s 2021 Energy Outlook, which takes into account new net-zero pledges made by countries including the U.S. and China, assumes crude demand will plateau before 2030 and then decline. Read more →
A proposed federal research program to accelerate research into the durability and performance of long-duration energy storage is a critical step to meeting the Biden administration's decarbonization goals, speakers said Thursday at a Department of Energy (DOE) panel. DOE officials said long-duration energy storage technology must be commercially ready, at scale, by 2030, in order to increase the share of renewables on the grid and meet the administration's 100% clean electricity by 2035 goal. Read more →
Major companies with ambitious clean energy goals face a complicated set of options for how they ought to prioritize their efforts over the coming decade. Should they make their own electricity supply as clean as possible, or should they focus first on cleaning up the dirtiest power grids? Read more →
The largest biofuel manufacturer in the U.S., POET, announced a new goal this week of reaching carbon neutrality by the year 2050. The company said in a sustainability report that it has a number of benchmarks it aims to meet toward that objective, including reducing the carbon intensity of bioethanol by 70 percent and investing in technology to advance low-carbon bioproducts. Read more →
The Biden administration announced a goal of replacing all jet fuel with sustainable alternatives by 2050, setting forth a plan to dramatically boost production of fuels made from waste or plants to drive down the environmental cost of flying. The use of what are called sustainable aviation fuels is in its infancy, with a handful of refineries in operation around the world. But airlines are banking on them as a major part of their efforts to cut emissions and become carbon neutral by the middle of the century. Read more →
As it prepares to deliver its first electric pickup trucks and sport utility vehicles this year, Rivian has spent around $1.5 billion renovating and expanding a factory once owned by Mitsubishi. On a typical day the 3.3-million-square-foot plant hosts several hundred construction workers alongside more than 2,500 workers employed by the company, which expects to eventually double its local head count. Read more →
The U.S. would need to quadruple the amount of solar energy it installs by 2035 if it wants to achieve a goal of decarbonizing the nation’s power grid, the Energy Department said in a study released in September 2021. According to the study, solar energy has the potential to power 40% of the nation’s electricity and employ as many as 1.5 million people by 2035. Read more →
As a net importer of fuels, Chile has not been a significant player in global energy markets. But the sun-drenched, wind-rich South American country aims to become a titan in the burgeoning green hydrogen economy, setting a goal to become one of the world's top three exporters by 2040. The hydrogen economy is still taking shape, and the world is waiting for the costs of the technology to fall. Read more →
